Home Business NGX Extends Rally As Market Cap Hits ₦132.49trn

NGX Extends Rally As Market Cap Hits ₦132.49trn

NGX-Equities Market -Stocks

April 14, (THEWILL) — The Nigerian equities market closed Tuesday’s session on a strong bullish note, as sustained demand across key mid- and large-cap stocks pushed market indicators further into positive territory. Market capitalisation rose from ₦131.608 trillion to ₦132.492 trillion, while the All-Share Index (ASI) advanced from 204,458.86 to 205,831.38, reflecting continued investor appetite for equities.

Market breadth remained firmly positive, with 42 gainers against 21 losers, underscoring a broadly supportive trading environment.

TOP 5 GAINERS FOR THE SESSION

ETI 10.00 percent (₦46.00 to ₦50.60).

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STANBIC 10.00 percent (₦147.00 to ₦161.70).

NGXGROUP 9.97 percent (₦153.45 to ₦168.75).

CORNERST 9.94 percent (₦5.13 to ₦5.64).

MECURE 9.92 percent (₦61.50 to ₦67.60).

TOP 5 LOSERS FOR THE SESSION

FTGINSURE -8.20 percent (₦1.22 to ₦1.12).

MCNICHOLS -8.17 percent (₦7.10 to ₦6.52).

ACADEMY -6.96 percent (₦7.90 to ₦7.35).

INTENEGINS -6.88 percent (₦3.49 to ₦3.25).

GUINEAINS -5.83 percent (₦1.20 to ₦1.13).

Meanwhile, Dangote Cement, Presco Plc, Julius Berger, Golden Guinea Brewery, Cadbury Nigeria Plc, Nestle Nigeria Plc, among others, closed flat, indicating selective profit-taking in some heavyweight counters.

Overall, the session reflected a firmly bullish undertone, driven by broad-based gains in financial and mid-cap stocks, even as some profit-taking emerged in lower-tier equities.

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Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.

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